Cyph3rp9nk on Nostr: The Dollar Don't you Americans wonder why you have such big cars and such big houses? ...
The Dollar
Don't you Americans wonder why you have such big cars and such big houses? Because thanks to your dollar, thanks to the dollar being the world's reserve currency, you live at the expense of the rest of the world.
For the United States the deficit is not a problem, because the dollar is the world reserve currency, the United States can print dollars to be able to buy goods in any country in the world, while the rest of the countries cannot print dollars, the rest of the countries have to produce goods to obtain those dollars if they do not want their local currency to be devalued, and the devaluation of their local currency is ruinous when energy is paid in dollars and the world works with energy and everything is produced with energy.
The US can simply consume and borrow from the rest of the world beyond its means and this is a self-feeding cycle that allows the US to keep the world under its yoke.
Let's not fall back into the mistake with a new FIAT world reserve currency as China intends with digital Yuan, we need an unbiased world reserve currency that no one can counterfeit, BITCOIN.
Don't you Americans wonder why you have such big cars and such big houses? Because thanks to your dollar, thanks to the dollar being the world's reserve currency, you live at the expense of the rest of the world.
For the United States the deficit is not a problem, because the dollar is the world reserve currency, the United States can print dollars to be able to buy goods in any country in the world, while the rest of the countries cannot print dollars, the rest of the countries have to produce goods to obtain those dollars if they do not want their local currency to be devalued, and the devaluation of their local currency is ruinous when energy is paid in dollars and the world works with energy and everything is produced with energy.
The US can simply consume and borrow from the rest of the world beyond its means and this is a self-feeding cycle that allows the US to keep the world under its yoke.
Let's not fall back into the mistake with a new FIAT world reserve currency as China intends with digital Yuan, we need an unbiased world reserve currency that no one can counterfeit, BITCOIN.